NQ shoul now be free to move UP... Although many guesses/reasons were given as to why the NQ share price was held down and by who?...many opined it was the doing of Agnico, trying to get cheapies...SO I am delighted that this rumor/idea turned out to be false..of course it makes more sense now that NQ was held down to facilitate this PP...Absolutely nothing new or out of the ordinary here...I am rather pleased that this PP was placed with European and other world markets, rather than the usual PP with a mining major, that would mean their taking of an initial position in NQ...
I realise that new investors to Jr. Exploration companies don't fully understand that PPS are the lifelines of these explorers, and they must be done...there is no other way of financing explorations programs..`The good thing about this PP is that the warrants usually attached are excersisable @ $1.00, and so free sailing for a while anyways, and even after the hlding period is up, it will only add a very limited amount of shares to our overall total, stillunder 50 million shares FD...Not very many stocks can say that, beleive me...most are well over 150 Mill shs ++....so ot really an issue in my view...
on a more positve note, someone here pointed out the fact that NQ will likely have an assay result announcement every week till xmas, from holes already drilled, and holes about to be drilled...many may not aware tha NQ, in hole #11 encountered ,get this, 11.3 gms over 30 mtrs probably the highest recorded assay from a drill core sample,which actuallu confirms/substantiates my theory that the mineralisation extends west, and thus most of the new drilling will be done here..
Just to remind everyone of the value of our deposits ,that Agnico paid $10.39 PER SHARE For Comaplex, with only 2.9 Mill AU ozs in reserves...We should not necessarily take the first Agnico offer, since we now have world wide exposure and likely other bidders will be coming in to good old safe CANADA...We are also well on our way to that number, 2,9 Mill au ozs , about half way now, with these step outs, and should surpass it IMCO...In addition NQ management is busy obtaining new claims in the area which most certainly should add more substantial AU ozs to our totals...I suppose there is not much left for us shareholders to do but sit right back and enjoy this wonderful ride UP....
Mellow...